Taiga Building Products (FRA:4T7) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is Taiga Building Products LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Taiga Building Products's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Taiga Building Products's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.13). It may suggest that Taiga Building Products is progressively becoming less dependent on debt to grow their business.

Taiga Building Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taiga Building Products's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Taiga Building Products LT-Debt-to-Total-Asset Chart

Taiga Building Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.23

0.17

0.15

0.14

Taiga Building Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.14	0.14	0.13

Taiga Building Products LT-Debt-to-Total-Asset Calculation

Taiga Building Products's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	61.412	/	426.71
	=	0.14

Taiga Building Products's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	60.286	/	453.109
	=	0.13

Taiga Building Products (FRA:4T7) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Taiga Building Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Taiga Building Products Ltd (FRA:4T7) » Definitions » LT-Debt-to-Total-Asset

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TGAFF:USA TBL:Canada

Address

4710 Kingsway, Suite 800, Burnaby, BC, CAN, V5H 4M2

Website

https://www.taigabuilding.com

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, lumber, mouldings, panels, polyethylene, treated wood, roofing, flooring, and others. The company earns majority of the revenue from Canada followed by the United States.

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